Morgan Stanley

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Morgan Stanley's thoughts on Tesla's investor day: "Tesla's audacious efforts on vertical integration are about to pay off. EVs are far too expensive today. Tesla gave a number of drivers for a 50% cost reduction for its next-gen platform. In a race to the bottom, we seriously question how the competition can keep up."

Adam Jonas also said that people shouldn't be disappointed that the next-gen vehicle wasn't unveiled: "From our experience, auto companies don't typically unveil far cheaper and potential better engineered products far in advance of SOP. Imagine you just placed an order for a $50k Model Y and Tesla tells you there will be a slightly smaller version for ½ the price with enhanced capabilities available soon… From a commercial standpoint, maybe not the best strategy."

https://twitter.com/SawyerMerritt/status/1631327368940756993